Next step silver - over $20.00

CURRENTLY:

GOLD @ $1,173.10/oz. High so far $1,193.30
Silver @ $17.95/oz. High so far $18.74
Platinum @ $1,683/oz.
Palladium @ $523/oz.

 

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I too am wanting to buy from Provident Metals to try them out. I have said before that my dip price is $16. I may even lower that price. I'm still holding out. I have a feeling we will see $16 or lower silver before 2010 is over. I just don't feel very good about buying at over $18. From the charts I've seen that would be close to buying at an all time high for the past 25 years or so.

 

Interesting, their website needs a major make over....ALL BLACK was so 90's for web design.....it's too bad I'm not in that business anymore....


Keep me posted on their service. I'm always interested in other places than APMEX...

I'm not sure I remember silver dipping as fast as it did today....gold is still holding pretty decently...but wow, silver just dropped...

 

$18 is kinda high but it's all POV. My price point coming into silver was $16.50. A lot of people feel the buy of a lifetime is still within our grasp as long as silver is under $20....I mean, that's a pie of pizza with some toppings...

I think the key is liquidity. If you have the cash to pay for daily expenses, and throw the rest of your cash into silver/gold, you can play the hold out game. But if you're just scraping by, then the dips can make you lose sleep at night...

 

A dip-claim chimes in on cue! LOL!

Swagge, I haven't seen you post since the last big dip. LOL!

Anyways...

Regarding Provient, I'll post here about them when the order comes in. Others have talked them up and their prices are competitive to that of Apmex. Part of what I wanted to know about them was their ASE grades, they have three tiers, basically: NEW (BU), brilliant unc, random date unc and so called "off quality" ASEs, each tier is about $0.20 difference in price. Of course they also sell older date ASEs BU in higher premium ranges but I wouldn't bother with that stuff and those prices buying bullion.

As for the dated look of their interface, if it's working for them and a revamp means they don't charge an extra amount over spot from another dealer then that's money saved / better invested for me... besides Apmex's own site needs some help too.... Maybe Provident's lack of urgency to LOOK spiffy and up to date is why they charge less for shipping and price over spot. We'll see... Just trying to keep it fun and have some options out there.

 

What's the difference between NEW (BU) and regular brilliant unc?


If they find the right programmer, they could redo their entire site for a couple thousand bucks...if they go to a development firm, forget it, they are looking at well over $10,000 to revamp....

APMEX needs a makeover too.... I assume these companies are making more than enough to cover redesign costs.....and out of all people, you probably know best that some investments are well worth it, especially from a marketing and perspective point of view...

A nice updated new clean shiny website might provide more confidence to someone to purchase than a website that looked like it was contracted out to me back in the 90's when I was in high school....using adobe photoshop 1.0....

 

In terms of bullion, just the metal, there is NO difference, yet they try to market ASEs in three tiers:

$20.04/oz. NEW, being this year, 2010 ASEs BU, right out of the box from the Mint.

$19.94/oz. Unc random date ASEs BU [often these are sold out]

$19.84/oz. Off-Quality, random date ASEs (circulated/handled, scratched, toned, nicks/ bagmarks...)

[prices as of this writing]

They touch a little on condition/quality of the ASEs which shouldn't be of a concern for bullion investors, but for a coin collector buying ASEs or buying bullion, they may care and so those willing to pay more for New and clean BU coins can opt to pay a few cents more per oz. Those who buy for the bullion alone will not be charged that little 'numismatic' surcharge for new quality looking coins.

About Provident's choice not to update the look of their site could indicate they are frugal and conservative in operating expenditures no matter how much a refreshed look could help them. Sometimes people fear change or fear that their customers fear a change if they change their public face... they may fear people think they are getting too fancy or they may just be stubborn and find no convincing marketing argument acceptable and are simply happy operating as the old shop plugging away doing their thing.

 

That is a good point as well. It is possible they would like to retain their current customers who know how to navigate the website already.

For APMEX, it looks like they only really changed the header and that's about it. I wonder if they are taking the same approach and slowly changing the site to the point that it looks completely different down the road but over time no one notices....

 

Dern it Fools! How much silver did you sell yesterday?!?!?!?! You done flooded the market and dropped the price!

 

I haven't sold a damn thing. I'm like the captain, I guess if silver keeps sinking, I'm going down with the ship...

Silver will rise again though, I've seen this story before. I even said just last friday we're due for a dip. The time to sell was yesterday....oh well...

It's just so hard to say goodbye to my shiny bars....

 

You have to become the Silver Surfer and ride the waves...

 

CURRENTLY: Opening in Asian markets for 5/5/10...

GOLD @ $1,172.10/oz.
Silver @ $17.86/oz.
Platinum @ $1,673/oz.
Palladium @ $521/oz.

 

silver down again - $17.66/oz.

silver hit a low at $17.61/oz.

 

PM are going to take a bit of a ride until the world markets calm down a bit.

the dollar is showing strength again because of the euro. Greece just got it's multi-billion dollar bail out to keep it up and running and the dollar is spiking in price again the euro.

that is going to cause a shift down in the gold and silver markets (probably more silver than gold).

it will pass and silver will head up again with gold.

 

The pace this is dropping at just might get it under $17 by open of US markets....wow....

 

CURRENTLY:

GOLD @ $1,169.80/oz.
Silver @ $17.68/oz.
Platinum @ $1,674/oz.
Palladium @ $518/oz.

 

today's low:

silver - $17.59
gold 1,165.80
platinum - 1,662.00
palladium - 509.00

 

Likin' the new Avitar 'laine......

 

High-yield dividend stocks and mid-cap companies coming out of crisis.

My specialty in stocks.

 

No axe to grind here....